AOR vs. FFNOX
Compare and contrast key facts about iShares Core Growth Allocation ETF (AOR) and Fidelity Multi-Asset Index Fund (FFNOX).
AOR is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Growth Index. It was launched on Nov 4, 2008. FFNOX is managed by Fidelity. It was launched on Jun 29, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOR or FFNOX.
Key characteristics
| AOR | FFNOX | |
|---|---|---|
| YTD Return | 12.65% | 14.10% |
| 1Y Return | 22.47% | 26.25% |
| 3Y Return (Ann) | 3.11% | 4.14% |
| 5Y Return (Ann) | 6.98% | 9.96% |
| 10Y Return (Ann) | 6.48% | 9.10% |
| Sharpe Ratio | 2.73 | 2.36 |
| Sortino Ratio | 3.95 | 3.21 |
| Omega Ratio | 1.51 | 1.44 |
| Calmar Ratio | 2.05 | 2.36 |
| Martin Ratio | 18.17 | 13.49 |
| Ulcer Index | 1.20% | 1.88% |
| Daily Std Dev | 7.98% | 10.75% |
| Max Drawdown | -24.44% | -48.68% |
| Current Drawdown | -0.17% | -0.16% |
Correlation
The correlation between AOR and FFNOX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AOR vs. FFNOX - Performance Comparison
In the year-to-date period, AOR achieves a 12.65% return, which is significantly lower than FFNOX's 14.10% return. Over the past 10 years, AOR has underperformed FFNOX with an annualized return of 6.48%, while FFNOX has yielded a comparatively higher 9.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AOR vs. FFNOX - Expense Ratio Comparison
AOR has a 0.25% expense ratio, which is higher than FFNOX's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AOR vs. FFNOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Growth Allocation ETF (AOR) and Fidelity Multi-Asset Index Fund (FFNOX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AOR vs. FFNOX - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.44%, more than FFNOX's 1.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core Growth Allocation ETF | 2.44% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% | 2.11% | 1.92% |
FFNOX Fidelity Multi-Asset Index Fund | 1.83% | 3.83% | 2.04% | 1.87% | 1.59% | 2.25% | 2.25% | 1.86% | 2.09% | 2.50% | 4.56% | 3.75% |
Drawdowns
AOR vs. FFNOX - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum FFNOX drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for AOR and FFNOX. For additional features, visit the drawdowns tool.
Volatility
AOR vs. FFNOX - Volatility Comparison
The current volatility for iShares Core Growth Allocation ETF (AOR) is 2.23%, while Fidelity Multi-Asset Index Fund (FFNOX) has a volatility of 2.81%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.